EBOS welcomes finalisation of First PWA

GENERAL

Fri, Dec 20 2024 10:07 am

20 December 2024

NZX/ASX Code: EBO

EBOS welcomes the finalisation of the First Pharmaceutical Wholesaler Agreement

EBOS Group Limited (“EBOS”) advises that the First Pharmaceutical Wholesaler Agreement (the “Wholesaler Agreement”) has been signed by the Australian Government and the pharmaceutical wholesaler industry body, the National Pharmaceutical Services Association (NPSA).

The Wholesaler Agreement outlines the Australian Government’s funding for wholesalers that are part of the Community Service Obligation (“CSO”) until 31 December 2029 and operates alongside the 8th Community Pharmacy Agreement (“8th CPA”), which was executed between the Australian Government and the Pharmacy Guild on 3 June 2024.

EBOS would like to thank the Department of Health and Aged Care and the Federal Minister for Health and Aged Care, The Honourable Mark Butler MP, for their constructive engagement during negotiations and for acknowledging the role EBOS plays as part of Australia’s health system.

The Wholesaler Agreement provides for a modest funding increase from FY25 and a further increase from FY27. These changes address significant erosion of supply chain funding and mean that Australians will continue to receive the uninterrupted medicine distribution service they have come to rely on. EBOS reiterates its guidance for FY25 that the Group expects to generate Underlying EBITDA(1) of between $575m to $600m.

(1)Underlying EBITDA excludes amounts that are considered one off or non-recurring items.

For further information please contact:
Martin Krauskopf
Executive General Manager, Strategy and Mergers & Acquisitions
+61 3 9918 5555
[email protected]

Authorised for lodgement with NZX and ASX by Janelle Cain, General Counsel, EBOS Group Limited.

About EBOS Group
EBOS Group Limited NZBN 9429031998840 (NZX/ASX Code: EBO) is the largest and most diversified Australasian marketer, wholesaler and distributor of healthcare, medical and pharmaceutical products. It is also a leading Australasian animal care brand owner, product marketer and distributor.